Broadbent's County Estates Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04033015 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended

31 December 2015

for

Broadbent's County Estates Limited

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTOR:

C M Broadbent

REGISTERED OFFICE:

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

REGISTERED NUMBER:

04033015 (England and Wales)

ACCOUNTANTS:

The Rowleys Partnership Ltd

Chartered Accountants

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

The following reproduces the text of the report prepared for the director in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on

pages three to six) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of Broadbent's County Estates Limited for the year ended

31 December 2015 which comprise the Profit and Loss Account, the Balance Sheet and the related notes

from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Broadbent's County Estates Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Broadbent's County Estates Limited and state those matters that we have agreed to state to the director of Broadbent's County Estates Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Broadbent's County Estates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Broadbent's County Estates Limited. You consider that Broadbent's County Estates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Broadbent's County Estates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

The Rowleys Partnership Ltd

Chartered Accountants

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

21 September 2016

FIXED ASSETS

Tangible assets

2

2,888

2,676

Investment property

3

190,024

192,912

192,700

CURRENT ASSETS

Debtors

6,680

339

Cash at bank

3,156

6,597

9,836

6,936

CREDITORS

Amounts falling due within one year

84,725

85,853

NET CURRENT LIABILITIES

(74,889

)

(78,917

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

118,023

113,783

CREDITORS

Amounts falling due after more than
one year

(86,127

)

(86,127

)

PROVISIONS FOR LIABILITIES

-

(535

)

NET ASSETS

31,896

27,121

CAPITAL AND RESERVES

Called up share capital

4

100

Revaluation reserve

73,002

Profit and loss account

(41,206

)

(45,981

)

SHAREHOLDERS' FUNDS

31,896

27,121

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company
as at the end of each financial year and of its profit or loss for each financial year in accordance with
the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 21 September 2016 and were signed by:

C M Broadbent - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by

the revaluation of certain assets and in accordance with the Financial Reporting Standard for

Smaller Entities (effective January 2015).

Turnover

Turnover represents rents receivable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising

from changes in market value is transferred to a revaluation reserve.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date where transactions or events have occurred at that date that will result in

an obligation to pay more, or a right to pay less or to receive more tax with the following

exceptions:

Deferred tax assets are recognised only to the extent that the directors consider that it is more

likely than not that there will be suitable taxable profits from which the future reversal of the

underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in

the periods in which timing differences reverse, based on tax rates and laws enacted or

substantively enacted at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

6,689

Additions

1,550

At 31 December 2015

8,239

DEPRECIATION

At 1 January 2015

4,013

Charge for year

1,338

At 31 December 2015

5,351

NET BOOK VALUE

At 31 December 2015

2,888

At 31 December 2014

2,676

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 January 2015

and 31 December 2015

190,024

NET BOOK VALUE

At 31 December 2015

190,024

At 31 December 2014

190,024

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

100

Ordinary shares

£1

100